Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.24.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 8,983,046 $ 13,097,265
Prepaid expenses and other 603,828 556,094
Total current assets 9,586,874 13,653,359
Other assets 1,018,352 1,066,931
Total assets 10,605,226 14,720,290
Current liabilities:    
Accounts payable 240,832 287,360
Accrued expenses and other current liabilities 568,753 785,796
Total current liabilities 809,585 1,073,156
Total liabilities 809,585 1,073,156
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, $0.001 par value; 10,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 1,543,385 and 1,519,360 shares issued as of December 31, 2023 and December 31, 2022, respectively; 1,540,684 and 1,516,659 shares outstanding as of December 31, 2023 and December 31, 2022, respectively 1,544 1,520
Additional paid in capital 208,053,935 207,769,904
Accumulated deficit (193,234,196) (189,099,618)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 9,795,641 13,647,134
Total liabilities and stockholders' equity 10,605,226 14,720,290
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value 1,804 1,804
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value $ 0 $ 970